ONE-TWENTY TWO: Trading Financial Markets
Since the year 2000, delivering a different narrative for students and fans of financial markets: stocks, options, currencies, Bitcoin, and more…
After the stock market’s sharp rally off the March, 2009 lows, most solar stocks stopped appreciating by that summer. For the remainder of the year, they experienced wild swings up and down in price in quick succession. In the summer of 2010, it appeared prospects had finally turned around for the better for solar stocks … Read more
Rallies in solar stocks would be more exciting if they were not so fleeting. In early September, I noted a “stealth rally” was underway in solar stocks. In early October, I wrote breathlessly about a “soaring September” for solar stocks. Just three weeks later I had to warn that selling volume was picking up in … Read more
At the time I provided my summary of the stellar earnings results from Jinko Solar (JKS), I noted that the post-earnings surge in the stock price of 17% was likely partly the result of short-covering. Only data through October 15 was available then, and it showed all-time highs in short interest. The data for October … Read more
Slowdown in Germany? Italy cutting solar subsidies 6-10%? The Czech Republic trimming subsidies? A deterioration in ASPs (average selling prices) in the second half of 2011? A huge follow-on offering of 3.5M ADS (American Depository Shares) in which insiders are cashing in on 43% of the shares? Jinko Solar (JKS) mentioned all these potential headwinds … Read more
Prices soared for solar stocks in September. In October, volume has soared…but prices have swung sharply downward after a very strong start to the month. In most cases, solar stocks have lost all their gains for the month and then some. This trading action is creating buying opportunities, especially where uptrends and/or critical technical support … Read more
Jinko Solar (JKS) got its start in 2006 as a supplier of recovered silicon materials. It is now a vertically integrated solar manufacturer and seller of solar wafers, cells and modules. The company touts its fast growth and low-cost advantage from its Chinese operations. (See profile for more details). JKS debuted on the American stock … Read more